Property Overview
This one-storey home at 534 Renfrew Street in Winnipeg's J.B. Mitchell neighbourhood presents a solid, no-fuss opportunity. Built in 1956, its key appeal lies in offering above-average space and value within its immediate context. With 1,265 sqft of living area and a notably generous 7,187 sqft lot, it provides more room than most comparable homes on its street and in the area. The detached garage and renovated basement add practical value. Its assessed value consistently ranks in the top 20-30% against local peers, suggesting a well-regarded property for its tier. This home suits a practical buyer—perhaps a small family, a couple, or a downsizer—who prioritizes interior space and a large yard over a modern build date. It’s for someone who sees the appeal in a home that outperforms its direct neighbours on key metrics like lot size and assessed value, offering a sense of relative value and established stability in the community.
Frequently Asked Questions
What does "above average" in the rankings actually mean for a buyer?
It means that compared to similar homes on Renfrew Street and in J.B. Mitchell, this property scores better than most on metrics like living area, lot size, and assessed value. You're getting a home that stands above the typical local baseline, which can be a positive for both livability and long-term value.
Is the renovated basement a legal suite?
The listing specifies a "renovated basement" but does not state it is a legal secondary suite. Buyers should verify its compliance with local regulations and intended use with the seller and the city.
The home sold in late 2021. What might explain the price range shown?
Public records sometimes show approximate sale prices. The listed range of $37.5k-$40.5k is likely an artifact of how that data is aggregated or reported. The assessed value of $45.5k provides a more current benchmark for municipal valuation.
How significant is the large lot size?
A lot size over 7,000 sqft in this area is a standout feature. It offers ample outdoor space for gardening, recreation, or future expansion (like a larger garage or addition), which is less common in older neighbourhoods and provides a tangible asset that newer subdivisions often lack.
The home is older. What should be the main inspection focus?
Given its age (70 years), a thorough inspection of major systems is crucial. Priority should be given to the foundation, roof, plumbing, electrical wiring, and heating system to understand the condition and anticipate any necessary updates or repairs.